Donald Kinsman to Tracer 2 LLC at 520 N. Taylor Ave. for $135,000.
Justine A Goode Cunningham to NGD Land L.P. at Jefferson St. for $1 (state deed transfer stamps indicate a value of $2,052).
Robert Edgar to Jesse Twardus and Laura Zeitz at 520 W. Jefferson St. for $390,000.
Brighton Heights
Fleming Partn. L.P. to Kyle and Kristina Inglis at 3615 Fleming Ave. for $170,100.
Estate of Helen Ruff to John Repko and Debra Christensen at 3525 Gerber Ave. for $25,000
Brightwood
Wells Fargo Bank NA to S2C LLC at 3239 Bainton St. for $20,500.
California-Kirkbride
Estate of Alverta Moore to Gamal Ramadan at 1121 Success St. for $17,500.
Cascade Holdings L.P. to BG41 Properties LLC at 2449-2453 Brighton Road for $860,000.
East Deutschtown
John McGrath et al. to Amanda Kopko at 828 Spring Garden Ave. for $279,900.
Manchester
Marva Corbin to John and Elizabeth Heft at 1441 Nixon St. for $40,000.
Observatory Hill
Pittsburgh Urban Redevelopment Authority to Observatory Hill Development Corp. at 11 Bonvue St. for $1 (state deed transfer stamps indicate a value of $6,840).
Troy Hill
Stanley Schmidt estate et al. to Mercedes Rubi Ruiz at 1338 Truax Way for $20,000.
Solutions for financing the Housing Opportunity Fund has the RTT in the crosshairs.
By: Neil Strebig
Since the creation of a committed Affordable Housing Trust Fund (commonly referred to as the Housing Opportunity Fund or HOF) last year, the debate over an increase to the Realty Transfer Tax (RTT) has been a bit of a hot-button issue within the city and throughout a number of Northside neighborhoods as of late. This is nothing new for tax-related issues, especially when increases are discussed, but what exactly is the RTT? And what does an increase mean for Northside residents?
The RTT is implemented anytime a commercial or residential property is sold; essentially it is a sales tax on real estate. The tax itself is divided up between the state, school district and the municipality. The current state tax is at 2 percent, so the remaining percent is split between the school district and the municipality. For example, the current property tax in the City of Pittsburgh is at 4 percent meaning, the state tax is at 1 percent, the City of Pittsburgh (municipality) is at 2 percent and the school district is at 1 percent. So if a property is sold at $200,000 the state receives $2,000, the City of Pittsburgh $4,000 and the school district receives $2,000 bringing the total RTT to $8,000.
Photo courtesy of AHTF.
Now, this is where it gets a bit confusing. When the RTT (also referred to as the ‘Deed Transfer Tax’) is enforced there is also a similar split between the buyer and the seller of a property. They’ll split the actual transfer tax, which here in the City of Pittsburgh is at 4 percent (the highest among Allegheny County municipalities). So each party will pay 2 percent based on the agreed upon sales price of the property. That revenue then will be split accordingly amongst the state, city and school district.
In the same aforementioned situation that $200,000 property with the $8,000 RTT will be split $4,000 apiece by the buyer and the seller.
So, where does the HOF and the RTT come together?
When the City Council voted last December to create a $10 million fund for affordable housing, they did not immediately implement a system to fill that $10 million fund.
The HOF itself is built on good intentions. The fund is aimed at helping low-to-moderate income residents stay in their homes. Currently, more than 20,000 low-to-moderate income families are spending half of their income on housing, whether that be initial costs, maintenance or emergency spending. The HOF would help offer aid for such families and help eliminate the risks of eviction and foreclosure that many of these families face.
The conflict over the RTT is built around the ability to fulfill the $10 million reserve to keep the HOF active.
Currently, there has been a movement to increase the RTT by one percent. This means that the buyer and seller would be splitting the costs at 2.5 percent each. An approach Mayor Peduto has been in favor of since the initial vote towards a staunch affordable housing fund was agreed upon last December.
Between May 2016 and May of this year, the Affordable Housing Task Force (AHTF) has met 17 times trying to find the best solution to meet the $10 million minimum attached to the HOF. The AHTF weighed a number of options from increasing the hotel tax, implementing a document recording fee, upping service taxes or commercial linkage fees, but all of those options required state legislation. In turn, the 1 percent increase of the RTT was viewed as a sufficient option.
“The practical reality is that none of that stuff will get passed in Harrisburg, in the opinion of a lot of people on the task force,” said AHTF member and Northside Development Fund director Mark Masterson in an interview with Downstream earlier this month. “It’s not something we should give up on, as it might be a way to augment this in the future, but in the short term it’s not going to happen.” In the same interview, Masterson stated that the revenue needed for the HOF came down to “two real sources.”
“It came down to, do you increase property taxes—which everybody pays every year—or do you increase the transfer tax,” Masterson said.
“In my mind, if I can pay a little more and know that my neighbor has a safe, decent place to live, I will do that,” said Perry Hilltop/Fineview Citizen Council program manager, Joanna Deming. Deming has been a strong advocate for the 1 percent increase.
She believes the potential bump in revenue from the increased RTT will help benefit infrastructure and improving vacant and low-income housing neighborhoods like Perry Hilltop, which currently sits at a 24 percent vacancy. In theory, property purchases will be generating funding to help refurbish the same neighborhoods buyers are relocating in. “Most people don’t see what their taxes do,” she said in regards to the potential impact the suggested proposal can have on neighborhoods like Perry Hilltop.
Photo courtesy of ATHF
According to Celeste Scott of Pittsburgh United, the increase has a “board appeal” and is “flexible.”
Scott believes that with the varying needs of each neighborhood the RTT increase offers the “fastest and best opportunity to make changes.”
However, not everyone agrees with that approach. Executive vice president of the REALTORS Association of Metropolitan Pittsburgh, John Petrack believes the proposition “statistically decreases the value and number of sales.”
“[It] makes no sense to make housing more affordable by making it more expensive,” Petrack said.
To him, due to the already high real estate tax in Pittsburgh and with closing costs being the number one burden for new homebuyers, increasing the RTT at this stage would “would cause long-term harm” for both the housing market and low-to-moderate income residents.
He believes the increase would not only deter potential buyers, but it would inadvertently lead to a hike in rental costs across the city since closing costs would be elevated.
With over 20,000 vacant properties throughout the city, Petrack believes displacement is the best solution. He encourages the city to purchases these properties with deed-restrictions and utilizes them specifically for affordable housing.
Petrack acknowledges that there is no easy, quick solution to the problem, but such a maneuver might be the best “first step” in the process.
If the $10 million cap is reached, hypothetically the HOF can preserve 3,000 housing units city-wide and build access to an additional 3,600 units over a ten-year period.
As reported by the Post-Gazette in July, the City Council did not vote in favor of a RTT increase, but no immediate solution was created either. After the vote Councilmen, Ricky Burgess and R. Daniel Lavelle discussed a proposition they made in May that would create housing in low-to-moderate income neighborhoods using bonds from the Urban Redevelopment Authority. However, similar to the RTT debate the proposal has been greeted with limited traction.
All parties involved are in agreement with the need for the HOF, but the discrepancy appears to be how does Pittsburgh effectively reach and sustain that $10 million minimum?
Lawrence Szczepaniuk to 1326 Arch LLC at 1326 Arch St. for $274,000.
Donna Ambrogi to LSG 57 LLC at 6 E. North Ave. for $200,000.
Nancy Ewing to Alexis Franks and Russell Lieurance at 1221 Palo Alto St. for $430,000.
Casale Development LLC to Todd Meyer at 102 Sampsonia Way for $50,000.
Allegheny West
CE Acquisitions 7 L.P. to FDPITT LLC at 1215 Brighton Road for $2,960,100.
Brighton Heights
Gamal Ramadan to Sara and Michael Barger at 3507 Corona St. for $240,000.
Robert Martinac to Janaya Lowery at 3508 Massachusetts Ave. for $70,000.
Lisa Hortert to Stacey Regan at 3836 Wealth St. for $131,000.
Brightwood
Edward Roose to Greenfield Holdings LLC at 3147 Brighton Road for $15,000.
Tabitha Merriman to David Menk and Tara Janow at 1032 Grand Ave. for $6,975.
Historic Deutschtown
612 East Ohio Street LLC to 1730 Golden Mile Land Trust at 612-614 E. Ohio St. for $10,000.
Manchester
John Impavido to Greenfield Holdings LLC at 1301 N. Franklin St. for $145,000.
Northview Heights
Emily Resko to Gordon Manker at 260 Ames St. for $70,000.
Perry Hilltop
Andrew Burlando to Jason Baptiste at 1845 Clayton Ave. for $92,550.
Spring Hill
Estate of Marian Baur to Bryan Tomko and Emily Fritsch at 1444 Homer St. for $77,800.
Mildred Funk Martin to Robert and Mary Ann Byrnes at lot 47A 130 Marathon St. for $5,000.
Troy Hill
SJ Group LLC to Mumbling Joe Properties LLC at 2148 Straubs Lane for $41,000.
Eric Daniel Moreno Narvaez to Kerrie Reid at 316 North Ave. W Unit D for $142,000.
Logan Schofield to Jonathan and Heather Keller at 402 Jacksonia St. for $392,500.
Willie Murchison to Edgar Parilla at 1536 Monterey St. for $20,000.
Brighton Heights
Lawrence Farmerie to Muya Mgaza and Amina Bago at 1246 Benton Ave. for $119,875.
Evonne Batykefer to Richard DeCarlo at 3762 California Ave. for $112,000.
William Joseph Foster to 360 Ridgewood LLC at 2038 Stonelea St. for $103,000.
Roy Kretzler to Matthew Charles Feiler at 1214 W. Point Ave. for $110,000.
Steven Oberst to Duplexity Holdings LLC at 3849-3851 Brighton Road for $125,000.
Socorro Holdings LLC to Eric Miller at 3640 Massachusetts Ave. for $100,000.
Jason Wurster to Megan Tobin and Kenneth Martin Jr. at 2036 Termon Ave. for $130,000.
Brightwood
Housing & Urban Development to Robert Coleman at 2819 Breker St. for $9,850.
Alyce Anna Conway estate et al. to Mustafa Kizilkaya at 1420 Casement St. for $31,000.
Tyrone Helvy to Pittsburgh Firefighters Federal Credit U at 120 Lecky Ave. for $12,775 by sheriff’s deed.
Brightwood Civic Group to Sean and Claudia Anderson at 1134 Woodland Ave. for $154,900.
Estate of Margaret Hunt to Charles Linhart at 1103 Grand Ave. for $11,000.
East Deutschtown
Antonia Iannuzzi to Natalie Lopez at 1030 Peralta St. for $163,000.
Pittsburgh Public Parking Authority to Historic Deutschtown Development Corp. at East Ohio St. for $1 (state deed transfer stamps indicate a value of $1,938).
Lisa Dishi Megides to Kiwew Holdings LLC at 841 Vista St. for $72,000.
Fineview
Estate of Tammy Burletic to HSBC Bank USA NA trustee at 8 Edenvale St. for $2,976 by sheriff’s deed.
Luke Ravenstahl to Alexander Daniels at 2251 Hazelton St. for $235,000.
Historic Deutschtown
Thomas Seabrooke to JLA Properties L.P. at 606 Middle St. for $25,000.
Manchester
Kirila Realty to Liverpool L.P. at 1825 Liverpool St. for $2,500,000.
John Impavido to Greenfield Holdings LLC at 1301 N. Franklin St. for $1,446,000.
Observatory Hill
Mark Allen Stueber to Megan Sharretts at 127 Mairdale St. for $90,000.
Alex Leary to Dustin Walsh at 225 Waldorf St. for $214,900.
Damen Taylor to Daniel Mross at 3332 Perrysville Ave. for $175,000.
Mark Whitehead to Crystal Keasley at 411 Venture St. for $15,500.
Perry Hilltop
Christopher Cole to Anna Knabe and Vincent Olivieri at 1845 Clayton Ave. for $94,000.
Patrick Connors trustee et al. to Steven Herforth and Peter Karlovich at 709 Maginn St. for $45,000.
Welcome Hill to Jose Suero at 400 W. Kennedy Ave. for $103,000.
Phyllis Verdecchia to No Limit Realty LLC at 19 E. Marshall Ave. for $35,000.
Spring Garden
Christiana Trust trustee to Louis Devito and Caroline Matys at 2107 Harbor St. for $35,000.
Blest Investment Group LLC to Susan Marriott and Jeffrey Allen Dee at 1423 Boyle St. for $343,400.
Stuart Broberg to Jesus Hoyos at 206 E. Jefferson St. for $8,000.
Stephen Beckjord to Anthony Rosello and Anupama Narayanan at 514 Jacksonia St. for $347,000.
Brighton Heights
John Pusateri to East Crew Horizons LLC at 1249 Benton Ave. for $34,428.
Kerry Huffman to Greg Manganas at 1265 Benton Ave. for $51,000.
River Point Renovations LLC to Stephen McGaughey at 4011 California Ave. for $224,000.
Estate of Judith Salamacha to Paula Matthews at 1107 Davis Ave. for $140,000.
LSF9 Master Participation Trust to K&N Properties Inc. at 1441 Davis Ave. for $45,000.
Estate of Mary Kraus to Altra Property Solutions LLC at 3621 Elmhurst Ave. for $130,000.
Shoshana Bechor to Gregory Lou and Jiangyang Zhang at 3419 Fleming Ave. for $33,000.
Joel Sanchez Palomino to James Damian and James Steven Founds at 1625 Orchlee St. for $85,000.
Michael Laughlin to Yen Lun Lai and Chung Fei Shen at 1229 Termon Ave. for $105,000.
Brightwood
Estate of Sharon Siebert to Marlex Properties LLC at 3226 California Ave. for $28,000 (state deed transfer stamps indicate a value of $79,458) by sheriff’s deed.
Christina Diane Zern to Equity Trust Co. Cust FBO #200251015 IRA at 49 Courtright St. for $13,000.
Global Premier Asset Management LLC to James Jones at 2803 McDowell St. for $11,799.
Melgranah USA Holdings LLC to Raoul Segarra at 3035 Shadeland Ave. for $91,000.
Patricia Mielke to Peach Blossom Properties LLC at 1043 Smithton Ave. for $10,500.
John Pusateri to East Crew Horizons LLC at 3139 Sorento St. for $36,000.
East Deutschtown
DJP Property Source LLC to Paul Bench at 905 Constance St. for $76,000.
Manchester
Columbus Square Assoc. Model Home 3 L.P. to James and Betty Robinson at 1252 Juniata St. for $385,000.
Observatory Hill
Observatory Hill Development Corp. to Stephanie Lauren Stauffer at 115 Bonvue St. for $165,000.
John Smith to David Malter at 3728 East St. for $96,000.
Vincent Graziani to Sreysor Rose Sam at 4160 Perrysville Ave. for $125,000.
Perry Hilltop
Estate of Darlene Goodwine to MTGLQ Investors L.P. at 309 Kennedy Ave. for $2,851 by sheriff’s deed.
John Pusateri to East Crew Horizons LLC at 445 Kennedy Ave. for $41,000.
George Heinlein to Michael Vaughn II at 2539 Perrysville Ave. for $14,000.
Spring Hill
Ilene Clokey Macey to Douglas Kocian at 46 Solar St. for $50,000.
Plenty Properties LLC to Andre Tennant at 1122 Fabyan St. for $3,100.
Estate of Ronald Fosnaught to Shaun Hegerty at 5 Nettie St. for $50,500.
Troy Hill
Christine Lynne LLC to Brian Campbell at 1745 Cowley St. for $70,000.
New Homeownership Program a collaborative effort between Rivers Casino and NeighborWorks offers team members two workshops on homebuying education
By: NSC Staff
Earlier this month, Rivers Casino launched a new Homeownership Program that allows their team members access to two free workshops and an opportunity to qualify for $2,000 assistance toward their closing costs on a new home.
“We’re excited to offer this benefit to team members,” said the director of community relations, Dr. Rahmon Hart. “It encourages team members to buy homes on the Northside”
According to Hart, the program was created after discussions between Rivers Casino, NeighborWorks and the Northside Leadership Conference. The Homeownership Program is open to all casino employees and requires them to participate in two workshops that will be instructed by NeighborWorks personnel.
“Buying a new home is a very important process and we’re glad we can provide the information, education and financial assistance to make their goal of a new home a reality,” general manager Craig Clark said in a press release.
After completion of the financial education and homebuyer education workshops, participants will then be able to apply for monetary assistance. The $2,000 cap will be attributed to any home purchase within any of the Northside’s 18 neighborhoods.
“[I’m] proud our company is making this type of investment in the Northside,” said Hart.
While classes for this year are already finished, Hart acknowledged that the casino has workshops planned for the first quarter of 2018 that will run through February and March.
Bank New York Mellon trustee to Neil Okeefe at 3227 Central Ave. for $13,000.
Cope IV to George Reffert Jr. at 14 Courtright St. for $20,000.
Brighton Heights
Nathan Brown to Eugene Holden at 3605 Laird St. for $170,000.
Charles St. Valley
Pittsburgh City to Patrick Lewis at 1815 N. Charles St. for $8,500.
Fineview
Estate of Mark Schneider to ARBL’N LLC at 1732 Warren St. for $30,000.
Manchester
Federal National Mortgage Assn. to Pittsburgh Community Reinvestment Group at 1309 Columbus Ave. for $20,000.
Typ 2 LLC to Nicholas and Jean Steele at 1119 Fulton St. for $299,000.
Allen Chapel African Methodist Episcopal to Manchester Citizens Corp. at 1810 Fulton St. for $75,000.
Historic Deutschtown
East Allegheny Community Council Inc. to October Real Estate Holdings LLC at Foreland St. for $1 (state deed transfer stamps indicate a value of $5,130).
Heather Sprague to Joshua and Christy Cozby at 907 James St. for $279,540.
Ian Short to Riverstone Property Solutions LLC at 520 Pressley St. for $72,000.
Observatory Hill
Shelly Evans to Kevin Scott at 3815 Perrysville Ave. for $195,000.
Spring Garden
Estate of Fran Zalec to Equity Trust Co. Cust FBO #200251015 IRA at 1430 High St. for $50,000.
Spring Hill
Deborah A Silleck Warren to Stephanie Wallace and Christopher Cassady at 905 Haslage Ave. for $80,000.
Jack Weber to Heather McDonald at Hunnell St. for $9,500.
Anthony Beatty to Maria Michelle Sriprasert and Stephen Edward Listak at 2114 Harbor St. for $146,900.
Brianna Moskal et al. to Steven and Janet Hebbe at 2147 Harbor St. for $100,537.
Amy Schultz to Natalie Leland at 516 N. Taylor Ave. for $342,000.
Larry Hall to Gillian McTiernan at 1202 Resaca Place for $262,900.
Property Trio LLC to Rachel O’Brien and John Lawrence Lindberg at 1309 Sherman Ave. for $120,000.
Sharon Joseph to Fiona Kelman at 216 Jacksonia St. for $275,000.
John Engle Jr. to Kevin Kuntz and Julien Eckstrom at 1526 Monterey St. for $289,000.
Marcella Fowlkes to Elizabeth Pearson at 528 W. Jefferson St. for $14,912.
Brighton Heights
Glow Properties LLC to Enzo Ventures LLC at 3406 California Ave. for $108,000.
Albert Dutzik Jr. to Alex Carson at 109 Cobbler Circle for $184,000.
Gregory Boyd et al. to David Kreimer and Robin Kent at 1818 Kleber St. for $270,138.
Jeffrey Worsinger to 642 Carothers L.P. at 1906 Morrell St. for $75,000.
Vecellio Properties LLC to NCRC Housing Rehab Fund LLC at 4017 Oswald St. for $62,000.
US Bank NA trustee to AT ST 2 LLC Series 1 at 106 Richbarn Road for $43,500.
Gary Stutz to Patrick Rakszawski and Andrew Paul Weier Jr. at 1855 Wittmer St. for $140,800.
California-Kirkbride
North Side Assoc. to Northside Properties Residences 1 LLC at 1010 Morrison St. for $3,240,000.
Mistick PBT to North Side Assoc. at 1617 Brighton Road for $1 (state deed transfer stamps indicate a value of $78,204).
Charles Street Valley
Karen Boyd to North Side Assoc. at 2533 N. Charles St. for $24,400.
Corinne Wilson to KJN Grant LLC at 2535 N. Charles St. for $22,000.
East Deutschtown
John McGrath et al. to Chera Pupi and Quiana Brown at 827 Concord St. for $298,000.
Emerencia Torma to Salvatore Richetti at 833 Tripoli St. for $50,000. Kelly A Elsesser Kennedy to ARBL’N LLC at 1014 Chestnut St. for $15,000.
Observatory Hill
New Lockhart LLC to Rose Property Holdings PA LLC at 3322 Delaware St. for $35,000.
E* Trade Bank to Mustafa Kizilkaya at 3860 East St. for $25,000.
Spring Hill
George Seskey to Nicklaus Schubert and Kenneth Tester Jr. at 94 Overbeck St. for $8,000.
Troy Hill
Joshua Snyder trustee to Thomas and Cynthia Hart at 52 Waterfront Drive for $425,000.